BAR vs. AAAU
Compare and contrast key facts about GraniteShares Gold Shares (BAR) and Goldman Sachs Physical Gold ETF (AAAU).
BAR and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAR is a passively managed fund by GraniteShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Aug 31, 2017. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both BAR and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAR or AAAU.
Key characteristics
| BAR | AAAU | |
|---|---|---|
| YTD Return | 24.57% | 24.57% |
| 1Y Return | 30.73% | 30.85% |
| 3Y Return (Ann) | 11.12% | 11.13% |
| 5Y Return (Ann) | 11.72% | 11.73% |
| Sharpe Ratio | 2.18 | 2.17 |
| Sortino Ratio | 2.91 | 2.90 |
| Omega Ratio | 1.38 | 1.38 |
| Calmar Ratio | 4.17 | 4.14 |
| Martin Ratio | 13.85 | 13.73 |
| Ulcer Index | 2.31% | 2.32% |
| Daily Std Dev | 14.68% | 14.63% |
| Max Drawdown | -21.53% | -21.63% |
| Current Drawdown | -7.67% | -7.69% |
Correlation
The correlation between BAR and AAAU is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BAR vs. AAAU - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with BAR at 24.57% and AAAU at 24.57%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAR vs. AAAU - Expense Ratio Comparison
BAR has a 0.17% expense ratio, which is lower than AAAU's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BAR vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Gold Shares (BAR) and Goldman Sachs Physical Gold ETF (AAAU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BAR vs. AAAU - Dividend Comparison
Neither BAR nor AAAU has paid dividends to shareholders.
Drawdowns
BAR vs. AAAU - Drawdown Comparison
The maximum BAR drawdown since its inception was -21.53%, roughly equal to the maximum AAAU drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for BAR and AAAU. For additional features, visit the drawdowns tool.
Volatility
BAR vs. AAAU - Volatility Comparison
GraniteShares Gold Shares (BAR) and Goldman Sachs Physical Gold ETF (AAAU) have volatilities of 5.50% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.